Money Sinks (Cash Leaving the economy.

Yikes, don't do that. That would hurt a lot of the current private places in SL that offer space for rent.

Agreed Hank. In a round about way, the TOS says Lindens wont do this anyway. Dont worry about it, it wont happen.

I miss the old Avatar Central in Natoma.

I suggest everyone sends their L$ to me, and I will dispose of them properly.

Siggy.

As far as I know, Lynn has been the only one to take advantage, but there is that $1000/day/sim (I think that is the cost) rental of entire sims for shortlived projects.

*bangs head against the wall over and over and over and OVER again*

The new Partner feature charges $10 for listing and $25 for removal.

dammit thats me fucking broke for eternity then....

Its not about making you broke or making the L$ scarce.


/sigh You cant just keep adding more and more money to an economy.

I use the telehub advertising for free. I wouldn't mind paying a fee to advertise there, though L$100 is a little steep for a texture and a notecard. The ability to update all telehubs with adverts, all over the world and to have your advertisements dispense landmarks, last longer than 3 days, would definatley be worth the cost of payment.

Wiggle and others,

Like in the previous thread (bring the linden up) we need larger sinks that aren’t about production and don’t take away from the common player (not rich). What that means increasing upload charges and taxing TPs and such would only sink a nominal amount of cash and wouldn’t have that large of an effect to stimulate the economy and the L$ value.

The sinks need to be things a little bigger I believe. Like- auctions in L$ (more are now L$ it seems, but we might need even more that way) also the option they have to pay your land tier in L$ is ridiculous the value is nothing, if they actually made it worth it, I and many other land holders would be more then happy to pay in L$ and not have to sell our money for US$ flooding the market each month to pay tier. The value is only less because of the quantity of money available to the public. Its also the fact that if you want to sell you price your block on GOM a cent less then the next guy and it will be at the top of the list, this makes each person .1 cent less and after 500 people we end up with worthless L$

ALSO we do need to realize that the value was inflated way above where it really should have been, this was caused by the scarcity of land and the land cost almost entirely, when they released land to compensate for the lacking, the value returned to where it was a year ago, (a place it held steady) we need the option to sink money to get it out of the market and allow it to build strength slowly like any good economy does, if it is done in that manor it would be harder to deflate, more people would have confidence in the value exchange and more would be willing to hold their L$ vs. dumping in fear.

Lets all post on the feature request to have more L$ auctions (pull money out of the market to purchase) and land tier cost payable by L$ that are worth market value (take money out of the pocket and it never hits the market) these 2 alone would have a dramatic impact on the value, and would not affect the majority of player in a negative way.


the ideas of taxation and increasing the existing taxes on such things as uploads and such just detures creativity and has a wider range of effect on a larger group, and its hard to gauge how players will respond, but i would think it wouldnt be in the best intrest of everyone and wouldnt change much either.

Paying to advertise is the norm in RL. I expected to pay to advertise in SL but there aren’t any costs associated. These ads are optional and should have a cost associated. Such things as: telehub ad board and classifieds should cost L$. Listing your place in the find list already cost 30$ but again these are optional choices. You don’t want to pay? Don’t advertise!

I don't think taxation of light prims wuld decrease creativity, it would actually increase creativity. As it stands right now, you cannot turn on local lighting as your framerate will grind to a halt by the lazy abuse of light-type prims. If people were forced to pay for using lights, then they would need to come up with creative ways to light their creations in a sane and sensible way. Then we could all turn on local lighting, and enjoy the benefits that local lighting brings to our experience.

No Trifen I agree that anything that stifles creativity is not a good thing, because thios game needs that encouraged.

Small money sinks can add up over time and quantity though and overall can make some impact while not really hurting us poor people. I'm a poor people too and I havent really suggested anything that would break me I dont think.

What I would really like to hear is more ideas on things that are choices for money sinks. Some might have to be mandatory, like texture uploads , but somethings can be totally a matter of convienience.

As far as why the value of this money matters. I already mentioned that your "play money" is valued in real dollars to some people that make this world interesting and if it lost to much of its real dollar value, these people would have to scale back at the minimum, or would leave all together. It's not just pretend monopoly money that you put away when the game is over for everyone, they put a lot of time, effort and REAL MONEY into what they do and they want real money returns. This is part of what drives some people to create content in this game and if it crashes or becomes worthless we would lose content, which is NOT what is needed here.



EDIT: Thanks for all of the input so far.

EDIT #2 I would also venture to guess that IGE? sitting on millions of L$ is part of the reason it hasnt devalued even more and of course since they have so much invested in real money they cant just dump it all at once, but any price drop they do to unload those millions will drastically effect the value.

Um. I normally shy away from adding to the drama when it comes to economy issues lately, but...

I am absolutely amazed at people's illogical reactions to the L$ downturn.

My post regarding this at slexchange.com offers insight that almost everyone seems to have missed.

The fluctuation of a currency's value as compared to other currencies is not a bad thing unless you are completely dependent on the falling currency. The way around this, obviously is a little thing called diversification. Don't be completely dependent on the Linden Dollar, even if your ideals say you should.


Philip's periodic economic statistic updates show that the money supply is indeed increasing. However, he has stated multiple times that the resident base is also growing at about 20 PERCENT PER MONTH. This is almost identical to the money supply rate of growth, so don't believe for a second that we need to drain money from the economy to raise the value of the currency.

Dont misunderstand my discussion for a sky is falling type of discussion, because I'm not saying that. This wasnt even spurred by those threads, it was spurred by talk of taking away my rate money because people say that is screwing up stuff.

Well instead of taking away my rates to control influx of money, I'm saying lets control the outflux, so I can be able to buy stuff without having to become a business whiz.

I want to keep getting about the same amount of cash I get right now, because it gives me just enough to buy a few toys and tip a few people here and there and maybe buy a shirt each week. People talking about taKING THAT AWAY FROM ME AND THE LINDENS CONSIDERING IT KINDA BUGS ME.

This reminds me of the Golgafrinchams in the Hitchhiker's Guide to the Galaxy. When they decided to use leaves as currency, they quickly had an inflation problem b/c there were so many trees around. Their solution was to embark on a campaign to burn all the forests.

GAWD!!! Does everything have to be drama? Cant we just have logical discussions?

LOL! You're such a noob to these forums, huh?

No, Wiggles. We can't.

READ THE THREADS! READ THE THREADS! READ THE THREADS! READ THE THREADS! READ THE THREADS! READ THE THREADS! READ THE THREADS! READ THE THREADS! READ THE THREADS! READ THE THREADS! READ THE THREADS! READ THE THREADS! READ THE THREADS! READ THE THREADS!

Fine I"m Leaving Sl Now Cause You Wont Listen To My Ideas!!! Hmmmpf I Didnt Like You Anyway. I Am Such A Lonely Guy And Just Wanted To Talk About This But I Gues Noone Wants Too !!!1

BYE!!!

Don't let the door hit your ass on the way out!

(It's a customary thing we say when someone leaves)

hehe

wow, more taxes. Welcome to the twilight zone.

Lindens -- Have you noticed these threads arnt going away? ^_^

More taxes?? :boggle:

Jul 2004 - Oh, that explains it. You have no concept of what real L$ taxation is. Ask someone who's been around since pre-1.1 about the old taxes sometime.

more current taxes. Come on now, try a little bit.

Grim - wouldn't it be cool if we took all but 20-30 servers offline, bought out of date servers to replace the new shiny ones we have now and completely reverted to your good ole days? Land is free! Just claim it! Oh, but if you teleport or build you'll be nickle and dimed to death, so be free, run wild, and build nothing!